General Conditions
Forsety Legal
General Conditions
Effective May 2026
Definitions and engagement structure
In these Terms and Conditions, references to “Forsety Legal,” “we,” “our,” or “us” mean Forsety Ltd., a company incorporated in England and Wales, United Kingdom, company number 16673822, unless otherwise expressly stated in the relevant Engagement Letter.
Forsety Legal is the trading name under which Services are provided.
If an Engagement is transferred to or carried out through a Swedish entity, the relevant Engagement Letter shall identify that entity as the contracting party for the relevant Services.
“Client” means the person, company, organisation, or other entity engaging us in connection with an Engagement.
“Lead Counsel” means the individual appointed by us to have overall responsibility for the Engagement.
“Engagement” means the legal services and related work that we agree to perform for the Client.
“Engagement Letter” means the written agreement governing the Engagement.
“Services” means legal services and related work performed by us, according to the Engagement, including the preparation of agreements, opinions, memoranda, reports, and other deliverables.
By entering into an Engagement Letter with us, the Client agrees that these terms and conditions form an integral part of the Engagement.
Legal advice
Forsety Legal primarily provides legal advice to companies, entrepreneurs, business organizations, and their representatives.
Any commercial, operational, financial, or other non-legal comments we provide do not constitute legal advice under applicable professional rules. Such statements are based on general experience, are provided without separate compensation, and are given without liability.
Where advice falls outside our competence or responsibility, the Client should seek assistance from other qualified advisers.
The Swedish Bar Association
Neither Forsety Legal, nor any of its personnel or partners are a member of, or affiliated with, the Swedish Bar Association (Sveriges advokatsamfund). Accordingly, our services are not regulated by the Swedish Bar Association’s rules governing members of the Swedish Bar.
Notwithstanding the above, where appropriate, we seek to conduct our work in accordance with generally recognised principles of good legal practice applicable in Sweden. However, our fee structures, engagement models, and certain working methods may differ from those applied by members of the Swedish Bar Association.
Client identification requirements
Before accepting an Engagement, we are legally required to collect and assess information about our clients in order to comply with anti-money laundering and counter-terrorist financing laws. This may include verifying the Client’s identity, identifying representatives and beneficial owners, and reviewing ownership and control structures. We may also request additional documentation or obtain information from public and private registers and other external sources to verify the accuracy of the information provided.
Suspicion of money laundering or terrorist financing
Under applicable law, we are required to report suspected money laundering or terrorist financing to the relevant authorities. We are prohibited from informing the Client if such a suspicion exists or if a report has been made. If circumstances arise that give reason to suspect money laundering or terrorist financing, we may be required to decline the Engagement or withdraw from an ongoing Engagement.
Processing of personal data
Forsety Legal acts as the data controller for personal data processed in connection with Engagement requests and the performance of our services. Information about how we process personal data, the purposes of processing, and retention periods is available in our privacy policy published at forsetylegal.com.
Information regarding personal data
If the Client is a legal entity, it is responsible for informing its representatives and beneficial owners that Forsety Legal processes their personal data and for referring them to our current privacy policy.
If the Client is an individual represented by an agent, the same obligation applies in relation to the persons concerned.
Lead Counsel
Each Engagement is managed by a Lead Counsel who has overall responsibility for the work. The Lead Counsel may, at their discretion, appoint other lawyers or personnel considered necessary and qualified for the efficient and appropriate handling of the Engagement.
Timing of advice
Our advice reflects the legal and factual circumstances existing at the time it is given. Unless otherwise agreed, we are under no obligation to update advice following changes in law, practice, or circumstances.
Third parties
Our advice is intended solely for the Client in connection with the relevant Engagement and may not be disclosed to or relied upon by third parties without our prior written consent.
No guarantee of outcome
Our services and advice do not guarantee any specific outcome.
Intellectual property rights
All intellectual property rights relating to documents, opinions, and other work products prepared by us remain our property. The Client receives a non-exclusive, non-transferable right to use the material solely for the purpose for which it was prepared. Any other use requires our prior written approval. Work products may not be distributed to third parties, published, or used for marketing purposes without our express consent.
Communication methods and technology
To facilitate efficient service delivery, we use email, cloud platforms, virtual data rooms, AI-assisted systems, third-party technology and infrastructure providers, and other digital communication and workflow tools.
Despite reasonable security safeguards, the use of such technologies involves inherent risks relating to confidentiality, cybersecurity, data integrity, and system availability. Electronic communications may also be delayed, filtered, blocked, or incorrectly categorised by technical systems such as firewalls and spam filters.
By engaging us, the Client accepts the use of such technologies in connection with the Engagement. If the Client requires restrictions on the use of certain technologies or communication channels, the Client must notify us in writing. In such cases, we reserve the right to adjust working methods, staffing, timelines, and pricing accordingly.
Authorized representatives
We may assume that any instructions provided to us come from persons authorized to act on behalf of the Client.
Accuracy of information
Our advice is based solely on the information, instructions, and documentation provided in connection with the Engagement. We may assume that such material is accurate, complete, and current.
Fee structure
Upon request, we may provide an estimated fee range for an Engagement.
Any estimate is indicative only, based on information available at the relevant time, and does not constitute a fixed quotation unless expressly agreed. We reserve the right to revise estimates where the scope, timing, complexity, or circumstances of the Engagement change.
Our fees are determined through an overall assessment of factors including among other things, time requirement, complexity, urgency, specialist expertise, commercial importance, and value.
- Hourly fees
Time is recorded and invoiced in increments of fifteen (15) minutes.
Hourly rates are normally reviewed annually, although we may revise rates at other times where appropriate. For 2026, our standard hourly rate is SEK 1,950, excluding Value Added Tax (VAT), currently 25%.
Invoices are ordinarily issued monthly.
We may request advance payments based on anticipated work, which shall be credited against future invoices.
- Fixed Fees
A fixed fee may be agreed for a defined Engagement, such as preparing a prospectus or similar work product.
- Fixed monthly fee
We may charge a fixed monthly retainer starting from SEK 25,000 per month, excluding VAT, depending on the size of the Engagement.
Unless otherwise agreed, either party may terminate the arrangement with three months’ notice.
Equity-based compensation
In certain Engagements, compensation for limited access to our services may consist of equity-based compensation or ownership interests in the Client on terms to be separately negotiated in writing.
DAC 6
In relation to reportable cross-border arrangements under DAC 6, our confidentiality obligations generally prevent us from reporting such arrangements or notifying other advisers of reporting obligations.
If the Client specifically instructs us to make such reports and releases us from confidentiality obligations, we may take the necessary steps.
Termination of Engagement
The Client may terminate an Engagement at any time by requesting that we withdraw. The Client remains responsible for payment of all work performed and expenses incurred up to the termination date.
We may decline or withdraw from an Engagement where required or permitted under applicable law or professional obligations.
Archiving of documents
At the end of an Engagement, we may archive documents and materials received or created during the Engagement in physical or electronic form, including through third-party storage providers.
Documents are retained for the period required by law, professional obligations, or our internal policies.
Amendments and language versions
These General Terms and Conditions may be updated from time to time. The current version is published at forsetylegal.com.
Where special terms apply to an Engagement, those terms take precedence over these general conditions to the extent of any inconsistency.
These terms are available in English and Swedish. In the event of inconsistency between the Swedish and English versions, the Swedish version shall prevail.
Complaints, claims and limitation of liability
Except as expressly provided in a written third-party agreement, only the Client may bring claims against us. Claims must be made in writing and include details of the alleged error, negligence, or breach and the resulting damage within a reasonable period after the Client became aware, or reasonably should have become aware, of the relevant circumstances, and in any event no later than six (6) months from the date on which the relevant advice was provided.
Unless otherwise expressly agreed in writing, our aggregate liability arising out of or in connection with any Engagement, whether in contract, tort (including negligence), or otherwise, shall not exceed the lesser of:
(a) two (2) times the fees invoiced for the relevant Engagement; and
(b) SEK 500,000.
This limitation shall apply to all claims arising from the same Engagement, regardless of the number of claims or claimants.
Any compensation to which the Client is entitled from insurance, contractual indemnities, or other third-party arrangements shall reduce our liability accordingly, provided such reduction does not materially prejudice the Client.
If liability is shared with another party, our responsibility shall be limited to the proportion attributable to our contribution of the loss.
Where the Client has agreed to exclude or limit another party’s liability, our own liability shall be reduced correspondingly, irrespective of whether that party can compensate the loss.
We shall not be responsible for losses connected to electronic communications, cloud-based systems, or digital working tools unless the Client has expressly instructed us not to use such methods and mandatory law requires otherwise.
Nor shall we be liable for losses resulting from compliance with professional obligations, applicable regulations, or statutory requirements.
Unless expressly agreed in writing, our Services do not include tax advice, and we accept no responsibility for tax consequences connected to our work.
We are not liable for losses resulting from circumstances outside our reasonable control which could not reasonably have been foreseen during the time of the Engagement, and whose effects could not reasonably have been prevented or overcome. Examples include governmental actions, legislative or judicial changes, labour disputes, technical outages, cyber incidents, natural disasters, armed conflict, or comparable events.
If, with the Client’s explicit consent, we permit a third party to rely on our work product, such permission shall not expand our liability or otherwise alter these limitations. Any liability toward such third party shall exist only on the same terms and subject to the same limitations applicable to the Client.
Amounts paid to a third party in connection with such reliance shall reduce any corresponding liability toward the Client, and vice versa. No lawyer-client or contractual relationship arises between us and any third party solely because such reliance is permitted.
Governing law and legal venue
These general conditions, any special terms, and the Engagement itself are governed by Swedish substantive law. Any disputes shall be resolved by Stockholm District Court as the court of first instance.
Confidentiality in disputes
To the extent permitted by law, the parties must keep confidential any disputes, documents, and related information arising in connection with a dispute.
This obligation does not apply where disclosure is necessary to protect a party’s rights, comply with legal obligations, or satisfy insurance or regulatory requirements.
Recovery of outstanding claims
Notwithstanding the foregoing, we reserve the right to pursue overdue claims through debt collection proceedings, the Swedish Enforcement Authority (Kronofogdemyndigheten), and courts having jurisdiction over the Client or the Client’s assets.
Confidentiality and professional standards
We maintain confidentiality in accordance with applicable law, contractual obligations, and generally recognised professional standards applicable to legal service providers in Sweden.
Confidentiality may be limited where disclosure is required by law or necessary to protect our rights, obtain insurance coverage, or with the Client’s consent.
Updates to this General Terms and Conditioins
We may update these General Terms and Conditions from time to time to reflect legal, technical, operational, or regulatory developments. Any updated version will be published on our website together with a revised effective date.
We encourage to visit the site to check for periodic updates.
Contact Information
Forsety Legal
Biblioteksgatan 29, 7th Floor
114 35 Stockholm
Sweden
Email: contact@forsetylegal.com
Telephone: +46 73 532 6617
Registered Office
Forsety Ltd.
128 City Road
London EC1V 2NX
United Kingdom
Company Number: 16673822
Email: contact@forsetylegal.com
